Vietnam businessmen sentenced to death for costing State millions

A Vietnamese court has sentenced two business executives to death for their roles in a scandal that caused millions of dollars in losses to the State.

State-run newspaper Thanh Nien said Vu Quoc Hao, former director of a leasing company under a state-owned bank, Agribank, was convicted of embezzling $3.8m and sentenced to death in southern Ho Chi Minh City.

The report said the court also sentenced businessman Dang Van Hai to death for appropriating $3m, while nine others including Hao’s staff and three other businessmen were given jail terms ranging from three to 14 years for mismanagement or abuse of power.